Government looks to end feed-in tariffs
The government has launched a consultation on the ending of the feed-in-tariffs (FITs) scheme for small-scale renewables. Launched in 2010, in the dying days of the last Labour government, FITs were designed to hand absurdly inflated rewards to green-minded members of the middle classes for electricity generated from solar panels and similar renewables projects. This all came at the expense of poorer members of society who couldn’t afford the capital outlay to take part in the bonanza.
The scheme remained in place throughout the years of the Conservative-LibDem coalition, but was quickly scaled back after the 2015 election. Since then, environmentalists have been trying to get this decision reversed, but it seems that they are going to be disappointed. The plan is for the scheme to be closed to all new applicants by March 2019.
And not before time.